Overview
What is Artspace Inc?
Artspace Inc, based in Maynard, Massachusetts, is a nonprofit organization with a mission to promote the arts. They accomplish this by securing a master tenancy of buildings and subleasing them to performing artists at below-market rental levels, providing them with studio and performance spaces. This affordable housing for artists also allows them to foster a creative community. Additionally, Artspace Inc offers arts education classes, workshops, tours, and similar activities to engage the local community and encourage artistic growth. With a small team of two dedicated individuals, the organization strives to make the arts more accessible and inclusive for all.
Official website here: wwww.artspacemaynard.com
Is Artspace Inc legitimate?
Artspace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Artspace Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $115,114
For more financial information, click here
Official website here: wwww.artspacemaynard.com
What is the mission statement of Artspace Inc?
Artspace Inc's mission is centered around promoting the arts. The organization achieves this by leasing real estate and sub-letting it to performing artists at below-market rental levels, providing them with studio and performance spaces. This initiative is complemented by offering arts education classes, workshops, tours, and similar activities. The primary objective is to support and nurture the artistic community, making art more accessible and affordable. By doing so, Artspace Inc contributes to the development and promotion of the arts, fostering a creative environment for artists to thrive.
Official website here: wwww.artspacemaynard.com
Who is the CEO of Artspace Inc?
Gail Erwin is the Director of Artspace Inc.
Official website here: wwww.artspacemaynard.com
What is the revenue of Artspace Inc?
Artspace Inc's revenue in 2022 was $437,967.
Official website here: wwww.artspacemaynard.com
Who are the executives of Artspace Inc and what are their salaries?
The average compensation at Artspace Inc during 2022 was $57,557. There are 2 employees and 9 volunteers at Artspace Inc.
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Official website here: wwww.artspacemaynard.com
Where can I find the form 990 for Artspace Inc?
Artspace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: wwww.artspacemaynard.com
Learn more at the official website: wwww.artspacemaynard.com
Mission Statement of Artspace Inc
Artspace Inc, a nonprofit organization, is dedicated to promoting the arts by leveraging real estate. They achieve this by leasing buildings and sub-leasing studio and performance spaces to performing artists at rates below market value. This strategic approach enables artists to focus on their craft without the financial burden of exorbitant rent. In addition to providing affordable spaces, Artspace Inc also offers arts education classes, workshops, tours, and similar activities. By doing so, they contribute to the nurturing and development of artistic talent, fostering a vibrant and creative community.
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Impact
October, 2024
Artspace Inc significantly enhances the local arts scene in Maynard, MA, by providing affordable studio and performance spaces for artists. Through its master tenancy of a building, Artspace Inc sub-leases real estate at below-market rental rates, ensuring that artists have a viable space to create and showcase their work. This initiative not only promotes individual artistic endeavors but also fosters community engagement with the arts.
In addition to offering space, Artspace Inc plays a vital role in arts education by hosting classes, workshops, and tours. This commitment to education enables artists to develop their skills while also reaching out to the community, enriching cultural experiences for residents and visitors alike. Ultimately, Artspace Inc acts as a catalyst for artistic collaboration and creativity, strengthening the local cultural landscape and making the arts more accessible to all.
This information is meant to be a general summary of Artspace Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $334
- Program Service Revenue: $144,536
- Gross Receipts: $437,967
Assets and Liabilities:
- Total Assets: $206,340
- Total Liabilities: $144,223
- Net Assets: $62,117
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM ARTISTS
Revenue
$133,770
ART EXHIBITION
Revenue
$10,766
PRINTMAKING WORKSHOPS
Organization Details
Founding Year
1987
Principal Officer
Gail Erwin
Main Address
74 MAIN STREET, MAYNARD, MA, 01754
Website
wwww.artspacemaynard.comNTEE Category
Code: A90Z - Arts
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